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COMMODITY MARKETS-UPDATES

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    COMMODITY MARKETS-UPDATES COMMODITY MARKETS-UPDATES Presentation Transcript

    • Commodity Evening Session
      www.LiveTips.biz Commodities-Updates & Analysis
    • Market cues
      Germany GDP Q3 y/y came at 3.9% as against previous value of 3.1%.
      Euro zone GDP Q3 y/y came at 1.9% as against previous value of 1.9% .
      Euro zone Industrial Production y/y came at 5.2% as against previous value of 7.1%.
      US Michigan Sentiment Preliminary (Nov) consensus value @ 69 against the previous value of 67.7
      Day 2 of G20 Meetings .
    • Gold
      Gold witnessed profit booking during the Asian trading session after it broke the key support level of $1400 levels.
      For today’s trading, $1382levels will be acting as a good support level for the prices. A break down with volumes below this level could see the prices testing the $1370 levels.
      Resistance for the prices lies at the $1410 levels. A breakout with volumes could see the prices testing the $1423 levels.
    • Silver
      Silver prices witnessed some profit booking coming in from the key resistance level of $27.7.
      Silver prices have good support at the $26.86 levels. A break down below this level could see the prices testing the $26.37 levels on the downside.
      Prices have good resistance at the $27.80 levels. A successful break out from this level with convincing volumes could see the prices testing the next resistance level of $28.20.
    • Crude oil
      Crude oil prices witnessed some profit booking coming as it broken below the crucial resistance level of $88.
      Crude oil has immediate support at $85.6. levels. A successful break down from this level could see the prices testing the $84.6 levels.
      $88 will act as a strong resistance level for the prices. A break out with volumes from this level could see the prices testing the $89.2 levels.
    • Natural gas
      Natural gas witnessed some sell off as the supplies rose to record increasing the stockpiles.
      Key support for the prices lies at $3.86 levels. A breakdown from this level could drag the prices down to the key support level of $3.72.
      Immediate resistance lies at $4 levels which was tested during last weeks trading session. A successful breakout from this level with volumes could see the prices testing the $4.21 levels.
    • Copper
      Copper witnessed profit booking coming in during the Asian trading session on Speculation that China Will Increase Rates.
      A breakdown below the key support level of $390 could see the prices testing $382 on the downside.
      $404 will act as a crucial resistance in the coming days. A successful break out from this key resistance level could see the prices testing the $410 on the upside.